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United Arab Emirates shares mixed at close of trade; DFM General down 0.72%

Published 25/04/2016, 12:15
© Reuters.  United Arab Emirates shares mixed at close of trade; DFM General down 0.72%
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Investing.com – United Arab Emirates equities were mixed at the close on Monday, as gains in the Banking, Transport and Finance & Investment sectors propelled shares higher while losses in the Consumer Staples, Telecoms and Real Estate & Construction sectors led shares lower.

At the close in Dubai, the DFM General declined 0.72%, while the ADX General index added 0.26%.

The biggest gainers of the session on the DFM General were Takaful House (DU:DTKF), which rose 1.82% or 0.010 points to trade at 0.558 at the close. Emirates NBD PJSC (DU:ENBD) added 1.79% or 0.150 points to end at 8.550 and Takaful Emarat PSC (DU:TKFE) was up 1.62% or 0.030 points to 1.880 in late trade.

Biggest losers included Islamic Arab Insurance Company (DU:SALAMA), which lost 2.88% or 0.016 points to trade at 0.540 in late trade. Dubai Parks and Resorts PJSC (DU:DUBA) declined 2.14% or 0.030 points to end at 1.370 and Drake & Scull International PJSC (DU:DSI) shed 2.08% or 0.012 points to 0.565.

The top performers on the ADX General were Agthia Group (AD:AGTH) which rose 2.12% to 7.71, Rak Cement Co (AD:RKCC) which was up 1.19% to settle at 0.850 and Ad Shipbldg Co (AD:ADSB) which gained 1.08% to close at 2.80.

The worst performers were Int Fish Farmi (AD:ASMK) which was down 9.88% to 6.93 in late trade, Finance House (AD:FH) which lost 9.79% to settle at 2.12 and Green Crs Ins (AD:GCIC) which was down 8.33% to 0.770 at the close.

Declining stocks outnumbered rising ones by 25 to 8 and 2 ended unchanged; on the Abu Dhabi, 17 fell and 10 advanced, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for June delivery was down 0.89% or 0.39 to $43.34 a barrel. Meanwhile, Brent oil for delivery in July fell 0.60% or 0.27 to hit $44.80 a barrel, while the June Gold contract rose 0.39% or 4.85 to trade at $1234.85 a troy ounce.

USD/AED was up 0.00% to 3.6730, while EUR/AED rose 0.26% to 4.1350.

The US Dollar Index was down 0.33% at 94.80.

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